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January 15, 2020
Builder's Risk for Roofing Contractors

Why Do Roofing Contractors Need Builder’s Risk Insurance?

Did you know that 50% of all contractors experience theft of some kind? Florida, Texas, and California are among the top 10 states with the highest rates. But, this doesn’t mean you won’t get hit if you operate your roofing contractor business elsewhere According to the National Equipment Register, job site theft costs the industry almost $1 billion each year. It comes as no surprise that 90% of thefts occur between 6 p.m. Friday and 6 a.m. Monday morning. Does this mean your equipment and tools are safe?
January 13, 2020
construction insurance

Insurance Experts Explain Construction Insurance – Part 3

Builder’s Risk insurance is a form of construction insurance designed to protect buildings and structures that are under construction or renovation. In parts 1 and 2 […]
January 10, 2020
Builders Risk Insurance vs. Course of Construction Coverage

Builders Risk Insurance vs. Course of Construction Coverage

Builder’s Risk Insurance is just another name for Course of Construction Insurance. It’s things like this that explain why so many contractors are confused by insurance. What contractors across the US are certain of, however, is that theft of construction equipment is on the rise.
January 8, 2020
Builder’s Risk Construction Insurance

Experts Explain Builder’s Risk Construction Insurance – Part 2

Construction Insurance is the overall name for insurance policies that protect property owners and contractors from financial loss during construction. Depending on the construction specifications, you […]
January 6, 2020
Builders Risk Insurance cost

What Does Builder’s Risk Insurance Cost?

Builder’s Risk Insurance cost is a small price to pay now to protect your contractor business for protection when things go wrong. In January, footage of a building that was under construction collapsing in Trinidad, Washington, went viral. As a general contractor, you know that things can go wrong at any time. As we all know by now, it is vital to protect yourself when these disasters happen. For as little as 1 – 5% of the construction costs, you can have protection against the costs of accidents like this.
July 27, 2019
Things to Learn About Builders Risk Insurance

5 Things Insurance Companies Want You to Know About Builders Risk Insurance

Builder's Risk Insurance protects a construction project as well as all the  tools, equipment, and supplies left on the job site. Today, we’re going to make […]
July 19, 2019
Carpenter cutting wood veneer

4 Job Site Details That Save a Construction Business Owner Money

One of the most important details about running a construction project, whether new construction or renovation, is the budget. Building owners and other insurable interests, for example, the construction company, all want to ensure that the project doesn’t lose money during the course of construction. Today, we’re going to talk about four ways that a business owner can save money while managing a construction project.
July 19, 2019
worker speaking via radio

What is the End Of Coverage for Builder’s Risk Insurance?

Unlike other types of insurance, builder’s risk insurance can have a complicated end date. We’re here to help. If you have experience in obtaining insurance policies, then you understand that most policies have a clear beginning and a clear end. Most insurance companies will call these effective and expiration dates. However, if you’re new to the world of construction insurance, then you might not understand when builders risk coverage is ineffective. Builders risk is different because it doesn’t always have perfect expiration dates. This type of insurance coverage is placed during the course of construction.
May 31, 2019
worker watching a crane from the ground

What is the difference between Builders Risk Insurance and Liability Insurance

Business owners in construction must purchase several insurance policies to ensure that their business, and its clients, are protected from harm. As such, understanding the importance and distinctions between insurance policy types can be a game saver in the long run. In a general contractor‘s life, whether a small business owner or large, you will often find general liability insurance, builders risk insurance, property insurance, workers compensation, and more.
May 28, 2019
surveyor taking measurements

Builders Risk Insurance Basics

Builders’ Risk is an insurance policy that provides financial protection for business owners in construction when something happens to their job site while it’s under construction or renovation. The insurance coverage usually extends to include fire, vandalism, theft, and extreme weather. Typically, you should expect to pay the insurance company somewhere between one and four percent of the total construction costs for this coverage. However, the cost of construction will vary depending on the needs of your business, the location, and the project type.
May 26, 2019
workers setting up a frame

How to Obtain Builder’s Risk Insurance

Course of construction, more commonly known as a builder’s risk policy, is an insurance policy protecting the materials and equipment that will be permanently installed at a new construction or renovation. Should something happen on your job site, having this policy on hand is the best way to make sure that the general contractor, the business owner, the property owner, and any other invested parties are covered from losses. The business owner or client will often require builder’s risk as a safety precaution, so be sure to account for this insurance policy within your construction budget.
May 24, 2019
workers on the job at sunset

What does Builder’s Risk Cover?

Builder’s risk insurance, also known as course of construction, is a type of property insurance. It’s a bit unique in that it covers the area of a construction project whether new construction or renovation. In some cases, it will just cover the structure, while in others, it will also cover the materials that are on site and waiting to be installed or transported. Most building owners will ask that a builder carry this to protect both parties.
February 22, 2018
What is Replacement Cost?

What is Replacement Cost?

Learn how much to insure your project on your builders risk insurance policy. Not insuring your project to the correct amount can end up being a huge cost in the event of a claim.
February 22, 2018
strong handshake

What is Builders Risk Insurance?

  Video: What is Builders Risk Insurance?     Learn how to buy Builders Risk Insurance and get the best value for your money while knowing what […]
September 9, 2017
Need Builder's Risk Insurance

Planning for what if: Your guide to purchasing Builders Risk Insurance.

Experienced builders have much more familiarity with Builders Risk policies and can really help guide you in the right direction.
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